Arrium Ltd. Holds Annual General Meeting

Arrium Ltd. Holds Annual General Meeting

Arrium Ltd. Holds Annual General Meeting

Bloomberg

Peter Smedley, chairman of Arrium Ltd., left, speaks as Geoffrey 'Geoff' Plummer, chief executive officer, looks on during the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Peter Smedley, chairman of Arrium Ltd., left, speaks as Geoffrey 'Geoff' Plummer, chief executive officer, looks on during the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Arrium Ltd. Holds Annual General Meeting

Bloomberg

Geoffrey 'Geoff' Plummer, chief executive officer of Arrium Ltd., speaks during the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Geoffrey 'Geoff' Plummer, chief executive officer of Arrium Ltd., speaks during the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Arrium Ltd. Holds Annual General Meeting

Bloomberg

Geoffrey 'Geoff' Plummer, chief executive officer of Arrium Ltd., speaks during the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Geoffrey 'Geoff' Plummer, chief executive officer of Arrium Ltd., speaks during the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Arrium Ltd. Holds Annual General Meeting

Bloomberg

The Arrium Ltd. logo is displayed on a banner at the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

The Arrium Ltd. logo is displayed on a banner at the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Arrium Ltd. Holds Annual General Meeting

Bloomberg

The Arrium Ltd. logo is displayed on a banner at the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

The Arrium Ltd. logo is displayed on a banner at the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Arrium Ltd. Holds Annual General Meeting

Bloomberg

Peter Smedley, chairman of Arrium Ltd., center, speaks as other members of the board look on during the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Peter Smedley, chairman of Arrium Ltd., center, speaks as other members of the board look on during the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Arrium Ltd. Holds Annual General Meeting

Bloomberg

The Arrium Ltd. logo is displayed on a banner at the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

The Arrium Ltd. logo is displayed on a banner at the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Arrium Ltd. Holds Annual General Meeting

Bloomberg

Arrium Ltd. information brochures are arranged for a photograph at the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Arrium Ltd. information brochures are arranged for a photograph at the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Arrium Ltd. Holds Annual General Meeting

Bloomberg

An Arrium Ltd. information brochure is arranged for a photograph at the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

An Arrium Ltd. information brochure is arranged for a photograph at the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Arrium Ltd. Holds Annual General Meeting

Bloomberg

Arrium Ltd. information brochures are arranged for a photograph at the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Arrium Ltd. information brochures are arranged for a photograph at the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Arrium Ltd. Holds Annual General Meeting

Bloomberg

Peter Smedley, chairman of Arrium Ltd., speaks during the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Peter Smedley, chairman of Arrium Ltd., speaks during the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Arrium Ltd. Holds Annual General Meeting

Bloomberg

Geoffrey 'Geoff' Plummer, chief executive officer of Arrium Ltd., attends the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Geoffrey 'Geoff' Plummer, chief executive officer of Arrium Ltd., attends the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Arrium Ltd. Holds Annual General Meeting

Bloomberg

Peter Smedley, chairman of Arrium Ltd., left, speaks as Geoffrey 'Geoff' Plummer, chief executive officer, looks on during the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Peter Smedley, chairman of Arrium Ltd., left, speaks as Geoffrey 'Geoff' Plummer, chief executive officer, looks on during the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Arrium Ltd. Holds Annual General Meeting

Bloomberg

Peter Smedley, chairman of Arrium Ltd., speaks during the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Peter Smedley, chairman of Arrium Ltd., speaks during the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Arrium Ltd. Holds Annual General Meeting

Bloomberg

Peter Smedley, chairman of Arrium Ltd., speaks during the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images

Peter Smedley, chairman of Arrium Ltd., speaks during the company's annual general meeting in Melbourne, Australia, on Monday, Nov. 19, 2012. Arrium, which rebuffed a A$1.2 billion ($1.24 billion) takeover offer from a Noble Group Ltd. and Posco-led consortium last month, said Geoff Plummer will step down as chief executive officer by the end of next year. Photographer: Carla Gottgens/Bloomberg via Getty Images